MAGIC ISMA
ActiveSummary
MAGIC ISMA has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,575 and a net result of -€19,125. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 45% of 4,746 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La petite restauration; L'exploitation de snacks, friteries; Le négoce au détail et/ou en gros de tous produits en alimentation générale et…” (deed in French)
5 activities (deed in French)
- La petite restauration
- L'exploitation de snacks, friteries
- Le négoce au détail et/ou en gros de tous produits en alimentation générale et dérivés
- L'exploitation de tavernes
- L'exploitation de magasins automatisés
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Rémunération des administrateurs, assemblée générale décide si le mandat est gratuit ou rémunéré” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Peut être tenu en la forme électronique, les titulaires d'actions peuvent prendre connaissance de ce registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tous les frais de procédure et d'expertise étant pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “En cas d'actionnaire unique-administrateur, ce dernier détermine librement les versements ultérieurs, libérées à leur émission” (deed in French)1 more provision on this in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Répartition et réserves, assemblée générale statuant sur proposition de l'organe d'administration” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 19:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Admission à l'assemblée générale” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- One provision in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Contrôle de la société, lorsque la loi l'exige et dans les limites qu'elle prévoit” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidateurs, le ou les administrateurs en fonction sont désignés comme liquidateurs en vertu des statuts si aucun autre n'a été désigné” (deed in French)